Kuke Music Holding Limited (NYSE:KUKE) Short Interest Update

Kuke Music Holding Limited (NYSE:KUKE) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 43,300 shares, a decline of 73.7% from the February 28th total of 164,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 100,500 shares, the short-interest ratio is presently 0.4 days.

Kuke Music Price Performance

Shares of NYSE KUKE opened at $2.44 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.10. Kuke Music has a 12 month low of $1.45 and a 12 month high of $40.70. The business has a fifty day simple moving average of $3.40 and a 200-day simple moving average of $4.87.

Institutional Trading of Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. PFG Investments LLC purchased a new stake in shares of Kuke Music Holding Limited (NYSE:KUKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned 0.23% of Kuke Music at the end of the most recent reporting period. 0.02% of the stock is owned by institutional investors.

About Kuke Music

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.